Ctrip.com International Ltd. (CTRP) Shares Bought by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. raised its position in shares of Ctrip.com International Ltd. (NASDAQ:CTRP) by 27.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,800 shares of the company’s stock after buying an additional 13,100 shares during the period. Daiwa Securities Group Inc.’s holdings in Ctrip.com International were worth $2,831,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Baillie Gifford & Co. boosted its stake in shares of Ctrip.com International by 3.2% in the second quarter. Baillie Gifford & Co. now owns 32,863,456 shares of the company’s stock worth $1,353,974,000 after buying an additional 1,017,414 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Ctrip.com International by 0.6% in the third quarter. Fisher Asset Management LLC now owns 9,877,999 shares of the company’s stock worth $460,018,000 after buying an additional 63,110 shares during the last quarter. WCM Investment Management CA boosted its stake in shares of Ctrip.com International by 4.8% in the third quarter. WCM Investment Management CA now owns 9,408,390 shares of the company’s stock worth $438,149,000 after buying an additional 433,686 shares during the last quarter. Harding Loevner LP boosted its stake in shares of Ctrip.com International by 3.3% in the third quarter. Harding Loevner LP now owns 6,854,569 shares of the company’s stock worth $319,218,000 after buying an additional 221,245 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Ctrip.com International by 33.7% in the second quarter. FMR LLC now owns 6,724,072 shares of the company’s stock worth $277,033,000 after buying an additional 1,693,794 shares during the last quarter. Institutional investors own 71.30% of the company’s stock.
Ctrip.com International Ltd. (NASDAQ:CTRP) traded up 2.53% during mid-day trading on Tuesday, reaching $45.87. The company’s stock had a trading volume of 7,527,201 shares. Ctrip.com International Ltd. has a 12 month low of $35.50 and a 12 month high of $55.60. The stock’s 50-day moving average is $0.00 and its 200-day moving average is $0.00.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, November 23rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. Ctrip.com International had a negative return on equity of 3.28% and a negative net margin of 11.48%. The business had revenue of $836 million for the quarter. During the same period in the previous year, the firm posted $1.10 earnings per share. The firm’s revenue was up 61.0% compared to the same quarter last year. On average, equities research analysts predict that Ctrip.com International Ltd. will post ($0.72) EPS for the current year.
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A number of equities research analysts have recently weighed in on the company. Bank of America Corp. set a $53.00 price objective on Ctrip.com International and gave the company a “buy” rating in a research note on Monday, August 29th. Credit Suisse Group AG started coverage on Ctrip.com International in a report on Friday, September 2nd. They set an “outperform” rating and a $58.00 price target on the stock. Piper Jaffray Cos. restated an “overweight” rating and set a $53.00 price target (up previously from $50.00) on shares of Ctrip.com International in a report on Saturday, September 3rd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $55.00 price target on shares of Ctrip.com International in a report on Monday, September 5th. Finally, Vetr upgraded Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 price target on the stock in a report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ctrip.com International currently has a consensus rating of “Buy” and an average price target of $55.49.
About Ctrip.com International
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
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